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Stock impact report

Why Akamai Stock Crushed it on Monday [Yahoo! Finance]

Akamai Technologies, Inc. (AKAM) 
Last akamai technologies, inc. earnings: 4/28 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.akamai.com
Company Research Source: Yahoo! Finance
10 stocks we like better than Akamai Technologies › All things being equal, an analyst upgrade (or downgrade) usually helps to move a stock. In the case of a double upgrade -- which is quite rare -- it's hard for investors to ignore the company on the business end of the adjustment. So it was with Akamai Technologies (NASDAQ: AKAM) ; largely due to such a move from a prominent white-shoe investment bank, investors piled into the stock on Monday. It closed the day nearly 4% higher in price. Akamai, a company concentrating on cybersecurity and cloud computing these days, received that double upgrade from Sanjit Singh of Morgan Stanley . Turning his Akamai recommendation from underweight (sell) to overweight (buy), he bypassed the usual hold mid-level recommendation. He also significantly raised his price target , to $115 per share from $83. Singh now feels the company is notably undervalued, according to reports, not least because it has only posted revenue growth in the mid- t Show less Read more
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